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Old 01-06-2008, 03:10 PM   #1
Dan

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Falling dollar effects everything?

ok, so the oil prices shot above $100 and then came back down. some would think it's the insanity of the market... yeah, the market for USD. the dollar is weak and getting weaker.

so it got me thinking. i just sold my 91 Galant VR4 for $4700. pretty much was a good price for both. then it got me thinking.... someone asked if i was going to sell the 88 iX i just picked up. i declined. i'm going to fix it before i'm actually going to sell it but my curiosity sank in: how much can i get for my iX? response: about $5000, more if you fixed up the suspension.

$5000.... if the dollar was stronger, would i be getting less? if the dollar keeps falling, can i get more? does the falling dollar effect the used car market? i mean, some cars which have hit rock bottom, like some e30's... are the prices of them going to go up because the dollar is weaker? i don't think so. i mean, $15,000 rule for an E30 M3 was true 3 years ago but is it still true now?

discuss.
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Old 01-06-2008, 04:22 PM   #2
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I think it still is good depending the condition and care that the car has recieved. If you go on a website called autoscout24.com (it has a option for english) you will see how much some E30 M3's are fetching that are in pristine condition, to include classic Alpina BMW's.

Now, when you talk about the falling dollar rate, trust me, it is painful here in Germany if you're a Soldier. Back before the Euro, the dollar would get you 3 Deutch Marks. With the Euro, the highest I have seen it is .87 euros to the dollar and it is currently at .67 for the dollar. It can sometimes be even more painful when you want to go shopping outside of the base (unless you don't have a problem looking like every other american stationed here). The dollar has lost so much of it's clout that recently India decided not to use USD for transactions or payments in their country. And if something isn't done quick to fix it, the dollar will wind up being relegated to chump change.
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Old 01-06-2008, 05:55 PM   #3
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I dont think the falling dollar value will have much effect in the US except making new foreign goods more expensive. We don't have off the charts inflation so to the US consumer the dollar doesn't change a lot when buying used goods or us produced goods. Even if the dollar was stronger I doubt that you would see any difference in the rates of the car, its really more about the demand and supply setting the prices.
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Old 01-06-2008, 06:47 PM   #4
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Also, that whole $100/barrel thing was a sham caused by a single oil broker. He lost some when he sold later on.
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Old 01-06-2008, 08:46 PM   #5
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spiraling down the shitter. too many people spending money that isnt thiers. too many people trying to get rich quick.

maybe its just me. but im stocking up on beans. its only gunna get worse.
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Old 01-06-2008, 09:54 PM   #6
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you want 5K for an 88 ix?
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Old 01-06-2008, 10:08 PM   #7
Dan

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you want 5K for an 88 ix?
not in the condition it's in right now... nor do i think i can get it but apparently e30 people think i can since your 95 has more rust then this 88.
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